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The USDA reported that September 2026 soybean crush fell to 199 million bushels, down 11 million from August and 6 million from a year earlier, as harvest delays limited new-crop beans. Corn used for ethanol dropped 9% on the month to 438.4 million bushels, and DDGS output fell 8% to about 1.70 million tons.
Lower crush cuts soybean meal and oil output, leaving meal and oil stocks below year-ago levels and supporting meal prices. Weaker ethanol grind reduces DDGS supply for feed buyers, which tends to firm DDGS prices.
brownfieldagnews.comJohn PerkinsNov 2, 2026After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
